India, Dec. 11 -- The rupee slid to a fresh record low on Thursday, weakening past Rs.90.42 per US dollar, as persistent dollar demand from corporates and lenders overshadowed the brief optimism triggered by the US Federal Reserve's rate cut.

The currency was trading around Rs.90.42 per dollar at 1.45 pm, according to news agency Reuters.

While the US Fed on Wednesday delivered a widely expected rate cut - amid a sharply divided vote - and signalled a prolonged pause ahead, its less-hawkish outlook initially pressured the dollar. Asian currencies traded mixed, and the dollar index recovered slightly from a near two-month low.

But the weakness in the greenback offered little relief to the rupee.

Traders pointed to heavy dollar buying b...